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Croatia´s Banking Sector Remains Competitive

The Croat legal system is perceived as major weakness. Credit demand is going down for years.

November 9, 2013

Frame Conditions for Banks Remain Difficult in Hungary

The Hungarian banking sector is highly dissatisfied with the regulation environment, the European Bank for Reconstruction and Development reported.

November 9, 2013

Slovakia: Weak Credit Demand

Due to the lack of credit demand, lending is below its potential. Foreign banks in Slovakia are relatively independent from their parents.

November 9, 2013

Czech Banking Sector Strongly Influenced by Foreign Banks

The EBRD has published the “Banking Environment Performance Survey”. Foreign parent banks exert a strong influence on their subsidiaries.

November 9, 2013

Poland: Solid Banking Sector

According to the European Bank for Reconstruction and Development, the perceived regulation pressure is too high for Poland´s banking sector.

November 9, 2013

BNP Shows Interest in Taking Over Polish BGZ

In the race for the Polish lender BGZ, the biggest French bank BNP Paribas enters the stage.

November 8, 2013

Komercni Banka Posts Lower Net income

Today, Czech Komercni Banka published the third quarter results. Lending was up by 2.9%, deposits grew by 4.8%. Net income was down by 7.75.

November 7, 2013

Poland´s National Bank Holds Interest Rate Flat

In order to boost economic growth, the Polish Monetary Policy Council has left the interest rate unchanged.

November 6, 2013

Banking Sector Reduces Lending

Instead of offering loans to the corporate sector, banks tend to invest in sovereign bonds. The CESEE region is particularly affected by this.

November 6, 2013

Banking Sector: Difficulties in Croatia Ahead

In order to protect indebted home-owners, the Croat parliament will resolve a new bank act. Like in Hungary, foreign-exchange-based mortgage should be converted at the expense of banks.

November 6, 2013

Hungary: Parliament Resolves Bank Act

The Hungarian banking sector, which is dominated by Austrian banks, faces new difficulties.

November 5, 2013

Hungary: Another Bad Surprise for Banks

The Hungarian government plans to shift even more burdens to the banking sector. Costs for the banking sector will reach more than € 3.5bn.

November 4, 2013

Czech Republic: Consumer Loans Weaken

The Czech loan growth is mainly driven by housing loans. The overal loan structure is improving, the NPL level remains flat.

November 1, 2013

Slovak Banking Industry Records Growing Net Income

In the first nine months of 2013, Slovakia´s banking sector recorded a total net profit of € 449m.

November 1, 2013

Austrian Banking Sector: NPL at Eurozone´s Top

In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.

October 30, 2013

BGZ: Santander Aims to Expand into Poland

In order to complete its local affiliate Bank Zachodni WBK, Spanish Santander intends to take over the Polish lender BGZ.

October 29, 2013

Hungary: Conflict with Banks Sharpens

Hungary´s Minister of Finance Mihaly Varga rejects the proposal submitted by the banking association.

October 29, 2013

Banking Sector: Pressure on Slovenia Grows

The IMF calls Slovenia to re-capitalize the banking sector immediately. However, Slovenia´s financial situation is already more than tense.

October 29, 2013

CESEE: „The Growth Model Was not Sustainable“

Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.

October 29, 2013

Slovenia: Bailout Comes Closer

The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.

October 28, 2013

Hypo Group: Worst Expectations May be Exceeded

For the Austrian state, the ailing nationalized banking group may become a financial GSA. The legal dispute with the former owner BayernLB bears enormous dangers for Austria´s public finance.

October 25, 2013

EBRD Analyzes Slovenia´s Difficulties

From October 21 to 25, a delegation from the European Bank for Reconstruction and Development will visit the ailing country.

October 21, 2013

Bulgaria: FDI Inflow Shrinks Drastically

In the first eight months of 2013, foreign direct investments fell by more than 51%. Without impulses from foreign investors, the country will not return to growth.

October 21, 2013

“Problems in the CESEE Region Are Mainly Fundamental”

In an interview with Gazeta Wyborcza, Reza Moghadam, director of the IMF´s European Department, says that the weakness of the CESEE region is not only cyclical.

October 18, 2013

IMF Warns of Financial Instability in CESEE

Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.

October 18, 2013

Calculated Optimism in Slovenia

Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.

October 15, 2013

RBI May Pay Back State Aid Sooner

For Austrian Raiffeisen Bank International, the state aid becomes more and more expensive. The repayment will take place before 2017, insiders report.

October 14, 2013

FX Loans: ECB Warns Hungary

ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.

October 14, 2013

Poland´s Banking Sector Underlines Stability

Moody´s Upgrades Poland´s banking sector. After the upgrade, Polish banks have their best rating since 2007.

October 12, 2013

Slovenia Does Not Fully Draw EU Funds

As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.

October 12, 2013

IMF: „Banks and Companies in a Vicious Circle“

Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.

October 11, 2013

Slovenia Cannot Escape the Vicious Circle

Slovenia still aims to manage its banking crisis on its own. After the new economic forecast issued by Slovenia´s National Bank, this aim suffers another setback.

October 10, 2013

Hungary: Easing Cycle Nears Its End

After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.

October 4, 2013

Raiffeisen Research: CESEE Deserves Better Credit Ratings

Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.

October 4, 2013

Slovenia: Asset Quality Deteriorates Rapidly

The government of the financially stricken country comes more and more under pressure. In meantime, about 17% of the Slovenian loans are classified as “risky”.

October 1, 2013

Hypo Group: Sale of Assets in SEE to Take Forms

The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.

September 29, 2013

CESEE: Consumer Loans Decline Considerably

Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.

September 29, 2013

Austria: Fitch Confirms Triple A

Austria´s main weak point is the banking sector, the rating agency criticizes.

September 28, 2013

Croatia: Foreign Exchange Loan Conversion Costs € 50m

In order to help over-indebted Croat households, the government plans to shift the burden to the banking sector.

September 21, 2013

Banking in CESEE: Risk Provisions to Decline

Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.

September 20, 2013

Austrian Banking Sector Proves Stable

The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.

September 18, 2013

CESEE Banking: Funding Improves

Regarding the stability of the banking system in the CESEE region, there are still substantial differences between the countries.

September 18, 2013

RBI Revises Expected Provisioning Requirement

Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.

September 16, 2013

Hungarian National Bank to Use Foreign Currency Reserves

In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.

September 15, 2013

Austrian Banking Sector: Profitability Below Potential

Not only the high NPL quota in the CESEE region, but also the overcapacity in Austria is a burden for the domestic banking industry.

September 14, 2013

Hungary: Monetary Easing Policy to be Continued

Hungary´s National Bank MNB has decided to extend the “lending for growth” program until 2014. In total, the program´s volume comes at € 7.0bn.

September 12, 2013

IMF: Praise and Criticism for Austria

According to the IMF´s country report, Austria´s main problem is the fiscal situation.

September 11, 2013

Orban on Foreign Banks: „Colonization is Over“

Hungary´s Prime Minister Viktor Orban emphasizes that foreign banks have to pay for foreign exchange loans.

September 9, 2013

Eight Austrian Banks to be Supervized by ECB

The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.

September 6, 2013

„Demand for Loans Will Grow“

In an interview with „Wirtschaftsblatt“, Vice-President of EIB (European Investment Bank) Wilhelm Molterer indicates that banks may not be prepared for an increasing demand for loans.

September 6, 2013
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